Prices Firm During High Volumes and Unstable International Financial Markets

Webb_Tom_Manheim_100

Tom Webb
Chief Econ­o­mist
Cox Auto­mo­tive

Whole­sale prices have been com­ing back, accord­ing to the Man­heim Used Vehi­cle Val­ue Index. The Index was up for the third con­sec­u­tive month in August to 124.3, rep­re­sent­ing an increase of 2.1% from a year ago and up from 124.1 in July 2015. Used vehi­cle vol­umes con­tin­ue to rise, but prices are remain­ing sta­ble. That sta­bil­i­ty is in strik­ing con­trast to the volatil­i­ty of inter­na­tion­al finan­cial mar­kets. Used vehi­cle val­ues should stay on this path if the domes­tic econ­o­my and its finan­cial mar­kets remain sta­ble.

Here’s the lat­est Man­heim Used Vehi­cle Val­ue Index

It’s Time of Year for Prices to fall in Sep­tem­ber through Novem­ber:
Inter­na­tion­al finan­cial, and debates over bud­get and debt ceil­ing will add uncer­tain­ty to mar­ket.

Rental Risk Prices up from July’s Low but Remained below 2013 and 2014 Lev­els:
New vehi­cle sales to rental declined 3%, but were still up 5% year-to-date in August.

Pick­ups, SUVs, CUVs, and Vans Con­tin­ued to See High­er Prices Year-Over-Year:
Mid­size and lux­u­ry cars up slight­ly, and com­pact cars down 6.7% from year ago.

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